Tuesday , June 25 2019
Home / BEA / Personal Income and Outlays, November 2018

Personal Income and Outlays, November 2018

Summary:
Personal income increased .2 billion (0.2 percent) in November according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased .8 billion (0.2 percent) and personal consumption expenditures (PCE) increased .4 billion (0.4 percent). Real DPI increased 0.2 percent in November and real PCE increased 0.3 percent. The PCE price index increased 0.1 percent. Excluding food and energy, the PCE price index increased 0.1 percent.   2018 July Aug. Sept. Oct. Nov. Percent change from preceding month Personal income:   Current dollars 0.4 0.4 0.2 0.5 0.2 Disposable personal income:   Current dollars 0.3 0.4 0.2 0.5 0.2 Chained

Topics:
Bureau of Economic Analysis considers the following as important:

This could be interesting, too:

Gregor Samsa writes How Tariffs Affect Nontradeables

[email protected] (New Deal democrat) writes New home sales: is housing developing a price “choke collar”?

Barry Ritholtz writes Whats Up With the Labor Market?

Andrew Moran writes Soybean Jumps As Crop Planting Expected to Be Higher

Personal income increased $40.2 billion (0.2 percent) in November according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $37.8 billion (0.2 percent) and personal consumption expenditures (PCE) increased $54.4 billion (0.4 percent).

Real DPI increased 0.2 percent in November and real PCE increased 0.3 percent. The PCE price index increased 0.1 percent. Excluding food and energy, the PCE price index increased 0.1 percent.

  2018
July Aug. Sept. Oct. Nov.
Percent change from preceding month
Personal income:  
Current dollars

0.4

0.4

0.2

0.5

0.2

Disposable personal income:  
Current dollars 0.3 0.4 0.2 0.5 0.2
Chained (2012) dollars 0.2 0.3 0.1 0.3 0.2
Personal consumption expenditures (PCE):  
Current dollars 0.5 0.4 0.1 0.8 0.4
Chained (2012) dollars 0.3 0.3 0.0 0.6 0.3
Price indexes:  
PCE 0.1 0.1 0.1 0.2 0.1
PCE, excluding food and energy 0.2 0.0 0.2 0.1 0.1
Price indexes: Percent change from month one year ago
PCE 2.4 2.2 2.0 2.0 1.8
PCE, excluding food and energy 2.0 1.9 2.0 1.8 1.9

The increase in personal income in November primarily reflected increases in wages and salaries and in farm proprietors’ income (table 3) that were partially offset by decreases in personal dividend income and social security benefits. Farm proprietors’ income increased $14.9 billion in November, which included subsidy payments associated with the Department of Agriculture’s Market Facilitation Program.

The $42.5 billion increase in real PCE in November reflected an increase of $32.6 billion in spending for goods and a $13.2 billion increase in spending for services (table 7). Within goods, recreational goods and vehicles was the leading contributor to the increase. Within services, the largest contributor to the increase was spending for household electricity and gas. Detailed information on monthly real PCE spending can be found in Table 2.3.6U.

Personal outlays increased $56.6 billion in November (table 3). Personal saving was $944.2 billion in November and the personal saving rate, personal saving as a percentage of disposable personal income, was 6.0 percent (table 1).

Updates to Personal Income and Outlays

Estimates have been updated for July through October. The percent change from the preceding month for current-dollar personal income, and for current-dollar and chained (2012) dollar DPI and PCE -- revised and previously published in last month's release -- are shown below.

  Change from preceding month
September October
Previous Revised Previous Revised Previous Revised Previous Revised
(Billions of dollars) (Percent) (Billions of dollars) (Percent)
Personal income:  
Current dollars 40.2 39.4 0.2 0.2 84.9 88.0 0.5 0.5
Disposable personal income:  
Current dollars 32.2 31.3 0.2 0.2 81.7 83.6 0.5 0.5
Chained (2012) dollars 11.8 10.2 0.1 0.1 49.2 49.0 0.3 0.3
Personal consumption expenditures:  
Current dollars 31.5 17.7 0.2 0.1 86.9 108.7 0.6 0.8
Chained (2012) dollars 12.9 -0.5 0.1 0.0 56.5 74.9 0.4 0.6
Personal Income and Outlays Release Dates for 2019
December 2018…. January 31 April 2019…. May 31 August 2019…. September 27
January 2019…. March 1 May 2019…. June 28 September 2019…. October 31
February 2019…. March 29 June 2019…. July 30 October 2019…. November 27
March 2019.… April 29 July 2019…. August 30 November 2019…. December 20

Next release:  January 31, 2019 at 8:30 A.M. EST

Personal Income and Outlays: December 2018

Bureau of Economic Analysis
The BEA Advisory Committee advises the Director of BEA on matters related to the development and improvement of BEA’s national, regional, industry, and international economic accounts, especially in areas of new and rapidly growing economic activities arising from innovative and advancing technologies, and provides recommendations from the perspectives of the economics profession, business, and government.

Leave a Reply

Your email address will not be published. Required fields are marked *